Re: Debt (Was: How much is a FICO score worth?)

HW "Skip" Weldon wrote:
> I'll offer you this: Since we're always quoting Warren Buffet, fire
> off an email to him and ask what kinds of personal debt he carries
> that he could recommend.  If he disagrees with me, I'll listen to what
> you have to say.

BRK-A Shows $35.57B in cash, but $36.18B in debt. There must be a reason 
Buffet doesn't zero out the debt.

My outstanding mortgage is less than a year's gross pay, and the 
interest burden less than 5% gross pay. By aggressively saving, I've 
just past the point where total savings are about 11X the outstanding 
mortgage, i.e. by paying it off, we'd have 10X annual income in the 
investments. I don't subscribe to the 'good vs bad' choice of words, 
maybe because Kiyosaki promotes that phrase if he didn't coin it 
outright, but I do think there's responsible use, and a time to not 
aggressively pay it down. Skip, would you really look over my shoulder 
and suggest I need to knock off the loan to be in better shape?

To Mark's point, my wife and I are both employed in good positions, 
married and had a child pretty late in life, relatively speaking.
And I think the thread has gone way off topic, have we even heard back 
from the OP?

Joe

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